05:07 PM EST, 03/05/2024 (MT Newswires) -- Couchbase ( BASE ) shares were surging about 13% Tuesday night after reporting better-than-expected Q4 results and guiding its Q1 revenue above Wall Street forecasts.

The company reported a Q4 non-GAAP net loss of $0.06 per diluted share, compared with a $0.18 loss a year earlier.

Analysts polled by Capital IQ expected a loss of $0.14.

Total revenue for the quarter ended Jan. 31 was $50.1 million, up from $41.6 million a year earlier.

Analysts expected $46.6 million.

For Q1, the database company is projecting revenue in a range of $48.1 million to $48.9 million. It also sees fiscal 2025 revenue of $203 million to $207 million.

Analysts polled by Capital IQ are looking for $46.9 million and $204.1 million, respectively.

Price: 30.48, Change: +3.58, Percent Change: +13.31